之 证券简称：石头科技 证券代码：688169 上海荣正企业咨询服务（集团）股份有限公司 关于 北京石头世纪科技股份有限公司 2025 年限制性股票激励计划（草案） 一、释义 | 石 头 科 技 、 本 司 、 公 | 公 | 指 | 北京石头世纪科技股份有限公司 | | --- | --- | --- | --- | | 司、上市公司 | | | | | 财务顾问、独立财务顾问 | | 指 | 上海荣正企业咨询服务（集团）股份有限公司 | | 本激励计划、本计划、本 | | 指 | 北京石头世纪科技股份有限公司 年限制性股票激励 2025 | | 次限制性股票激励计划 | | | 计划 | | 限制性股票、第二类限制 | | 指 | 符合本激励计划授予条件的激励对象，在满足相应获益 | | 性股票 | | | 条件后分次获得并登记的本公司股票 | | 激励对象 | | 指 | 按照本激励计划规定，获得限制性股票的公司（含控股 | | | | | 子公司）管理骨干人员、技术骨干和业务骨干人员 | | | | | 公司向激励对象授予限制性股票的日期，授予日必须为 | | 授予日 | | 指 | 交易日 | | ...

北京石头世纪科技股份有限公司 2025 年限制性股票激励计划实施考核管理办法 第三条 考核范围 北京石头世纪科技股份有限公司 2025 年限制性股票激励计划实施考核管理办法 北京石头世纪科技股份有限公司（以下简称"公司"或"上市公司"）为进一 步完善公司法人治理结构，建立、健全公司长效激励约束机制，吸引和留住公司 （含控股子公司）管理骨干人员、技术骨干和业务骨干人员，充分调动其积极性 和创造性，有效地提升核心团队凝聚力和企业核心竞争力，将股东、公司和核心 团队三方利益结合在一起，确保公司发展战略和经营目标的实现，在充分保障股 东利益的前提下，按照收益与贡献对等的原则，公司制订了《北京石头世纪科技 股份有限公司 2025 年限制性股票激励计划（草案）》。 为保证公司 2025 年限制性股票激励计划（以下简称"本激励计划"）的顺利 实施，现根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股 权激励管理办法》《上海证券交易所科创板股票上市规则》《科创板上市公司自律 监管指南第 4 号——股权激励信息披露》等有关法律、行政法规、规范性文件和 《北京石头世纪科技股份有限公司章程》的有关规定，并结合公司实际 ...

北京石头世纪科技股份有限公司 2025 年事业合伙人持股计划管理办法 二〇二五年八月 第一章 总则 第一条 为规范北京石头世纪科技股份有限公司（以下简称"石头科技"或 "公司"）2025 年事业合伙人持股计划（以下简称"本员工持股计划"或"员工 持股计划"）的实施，根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《关于上市公司实施员工持 股计划试点的指导意见》（以下简称"《指导意见》"）、《上海证券交易所科创板上 市公司自律监管指引第 1 号——规范运作》（以下简称"《自律监管指引》"）等有 关法律、行政法规、规章、规范性文件和《北京石头世纪科技股份有限公司章程》 （以下简称"《公司章程》"）的规定，公司特制定本管理办法。 第二章 员工持股计划的制定 第二条 员工持股计划所遵循的基本原则 （一）依法合规原则 公司实施本员工持股计划，严格按照法律、行政法规的规定履行程序，真实、 准确、完整、及时地实施信息披露。任何人不得利用本员工持股计划进行内幕交 易、操纵证券市场等证券欺诈行为。 （二）自愿参与原则 公司实施本员工持股计划遵循公司自主决定，员工自愿 ...

北京石头世纪科技股份有限公司 2025 年事业合伙人持股计划 （草案） 二〇二五年八月 北京石头世纪科技股份有限公司 2025 年事业合伙人持股计划（草案） 声明 证券简称：石头科技 证券代码：688169 本公司及全体董事保证本员工持股计划及其摘要不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 2 北京石头世纪科技股份有限公司 2025 年事业合伙人持股计划（草案） 风险提示 一、北京石头世纪科技股份有限公司（以下简称"石头科技""公司"或"本 公司"）2025 年事业合伙人持股计划（草案）（以下简称"本员工持股计划草 案"）须经公司股东会批准后方可实施，本员工持股计划草案能否获得公司股东 会批准，存在不确定性。 二、有关公司 2025 年事业合伙人持股计划（以下简称"本员工持股计划"） 设立后将由公司自行管理，有关具体的资金来源、出资金额、预计规模和具体实 施方案等均属初步结果，能否完成实施，存在不确定性。 三、若员工认购资金较低，本员工持股计划存在无法成立的风险；若员工认 购份额不足，本员工持股计划存在低于预计规模的风险。 四、股票价格受公司经营业绩、 ...

证券代码：688169 证券简称：石头科技 公告编号：2025-074 北京石头世纪科技股份有限公司 关于续聘会计师事务所的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 北京石头世纪科技股份有限公司（以下简称"公司"）本次拟续聘的会 计师事务所名称：安永华明会计师事务所（特殊普通合伙）（以下简称"安永 华明"） 一、拟续聘会计师事务所的基本情况 （一）机构信息 1. 基本信息 1. 基本信息 项目合伙人及签字注册会计师张毅强先生于1999年成为注册会计师，2000 年开始从事上市公司审计，2015年开始在安永华明执业，2024年开始为公司提 供审计服务；近三年签署/复核6家上市公司年报/内控审计报告，涉及的行业包 括医药制造业、专用设备制造业及居民服务业等。 签字注册会计师吴婷女士于2015年成为注册会计师，2011年开始从事上市 公司审计，2021年开始在安永华明执业，2024年开始为公司提供审计服务，近 三年未签署/复核上市公司年报/内控审计报告。 安永华明于1992年9月成立，2012年8月完 ...

北京石头世纪科技股份有限公司 2025 年事业合伙人持股计划（草案）摘要 证券简称：石头科技 证券代码：688169 北京石头世纪科技股份有限公司 2025 年事业合伙人持股计划 （草案）摘要 二〇二五年八月 声明 本公司及全体董事保证本员工持股计划及其摘要不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 2 北京石头世纪科技股份有限公司 2025 年事业合伙人持股计划（草案）摘要 风险提示 一、北京石头世纪科技股份有限公司（以下简称"石头科技""公司"或"本 公司"）2025 年事业合伙人持股计划（草案）（以下简称"本员工持股计划草 案"）须经公司股东会批准后方可实施，本员工持股计划草案能否获得公司股东 会批准，存在不确定性。 二、有关公司 2025 年事业合伙人持股计划（以下简称"本员工持股计划"） 设立后将由公司自行管理，有关具体的资金来源、出资金额、预计规模和具体实 施方案等均属初步结果，能否完成实施，存在不确定性。 三、若员工认购资金较低，本员工持股计划存在无法成立的风险；若员工认 购份额不足，本员工持股计划存在低于预计规模的风险。 四、股票价格受公 ...

Core Viewpoint - The A-share market is experiencing a strong performance, particularly in the technology sector, with significant trading volume and a notable rise in the Sci-Tech Innovation Board [1][2] Market Performance - The A-share market indices collectively strengthened, with a trading volume reaching 29,708 billion yuan [1] - The Sci-Tech Innovation Board has shown robust performance, with the Shanghai Sci-Tech Innovation Board New Generation Information Technology Index achieving a one-year increase of 129.41%, outperforming the Sci-Tech 50 Index and Sci-Tech 100 Index, which recorded increases of 103.30% and 100.41% respectively [2] Index Performance - Historical performance data indicates that over the past three years, the Shanghai Sci-Tech Innovation Board New Generation Information Technology Index has increased by 94.64%, while the Sci-Tech 50 Index and Sci-Tech 100 Index have increased by 30.46% and 3.77% respectively [2] - The index's performance over the past five years shows an increase of 26.98%, contrasting with declines in the Sci-Tech 50 Index and Sci-Tech 100 Index, which decreased by 3.47% and 13.08% respectively [2] Key Holdings - As of July 31, 2025, the top ten weighted stocks in the Shanghai Sci-Tech Innovation Board New Generation Information Technology Index include SMIC (10.1%), Cambricon (10%), and Haiguang Information (8.8%) [2] Future Outlook - The Sci-Tech Innovation Board is viewed as a "testing ground" for capital market reforms, with long-term investment value supported by the ongoing push for technology-driven high-quality growth in China [1] - The index is expected to provide an efficient way for investors to share in China's technological dividends, particularly in key areas such as semiconductors, software, and AI [1]

Core Viewpoint - Stone Technology has shown significant stock performance and financial growth, with a notable increase in revenue despite a decline in net profit. Financial Performance - As of June 30, 2025, Stone Technology achieved a revenue of 7.903 billion yuan, representing a year-on-year growth of 78.96% [2] - The net profit attributable to shareholders was 678 million yuan, which reflects a year-on-year decrease of 39.55% [2] Stock Performance - On August 29, 2023, Stone Technology's stock price increased by 2.03%, reaching 215.44 yuan per share, with a total market capitalization of 55.817 billion yuan [1] - The stock has risen by 38.20% year-to-date, with a 1.44% increase over the last five trading days, 24.97% over the last 20 days, and 36.07% over the last 60 days [1] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 4.99% to 17,500, while the average number of circulating shares per person increased by 47.43% to 14,806 shares [2] - The top ten circulating shareholders include various ETFs, with significant increases in holdings for several funds, indicating growing institutional interest [3] Company Overview - Stone Technology, established on July 4, 2014, specializes in the design, research, development, production, and sales of smart cleaning robots and other smart hardware [1] - The company's main revenue source comes from smart cleaning products and accessories, accounting for 99.94% of total revenue [1]

Core Viewpoint - Stone Technology's strong performance in the first half of 2025 is driven by significant revenue growth and a steadfast commitment to research and development, positioning the company as a leader in the smart home appliance industry [1][2]. Financial Performance - In the first half of 2025, Stone Technology achieved revenue of 7.903 billion yuan, a year-on-year increase of 78.96%, and a net profit of 678 million yuan [1]. - The company's R&D expenses for the same period were 685 million yuan, up 67.28% year-on-year, accounting for 8.67% of total revenue [1]. R&D Commitment - Stone Technology has consistently maintained a high proportion of R&D spending relative to revenue, with R&D expenses reaching 971 million yuan in 2024, a 56.93% increase [2]. - From 2016 to 2024, the cumulative investment in R&D amounted to 3.238 billion yuan, with R&D expenses as a percentage of total revenue showing a general upward trend since 2018 [2]. Product Development and Market Position - In 2024, Stone Technology achieved 47 R&D results in the vacuum cleaner sector, 31 in the floor washing machine sector, and 7 in the washing and drying machine sector [3]. - The company has launched several innovative products, including the G30Space exploration version and the A30Pro Steam washing machine, which have significantly enhanced its market position [6]. Market Share and Competitive Edge - Stone Technology's market share in the vacuum cleaner segment has risen from single digits to the second position in the industry within a year, supported by its robust R&D capabilities [5][6]. - The company's washing machine market share reached 20.3% in the second quarter of 2025, reflecting a year-on-year increase of 17.1 percentage points [5]. Future Outlook - The company is expected to continue leveraging its technological advancements to capture a larger share of the global smart home appliance market, with a focus on maintaining a competitive edge through sustained R&D investment [4][7].

Group 1 - The company reported a strong year-on-year revenue growth of 78.96% in H1 2025, with total revenue reaching 7.903 billion yuan [2][3] - Domestic revenue was 3.954 billion yuan, growing by 86.34%, while overseas revenue was 3.949 billion yuan, increasing by 72.15% [2] - The decline in net profit by 39.55% to 678 million yuan was attributed to increased costs from market expansion and product matrix adjustments [3] Group 2 - The gross margin decreased to 44.56%, down 9.25 percentage points, and the net profit margin fell to 8.57%, down 16.81 percentage points [3] - The increase in sales expenses was due to enhanced self-operated channel coverage and increased investment in brand building and market promotion [3] - The company is focused on technology research and brand development to enhance core competitiveness and market share [4] Group 3 - The company aims to optimize its business layout and concentrate resources on core operations while expanding both domestic and international markets [4] - Forecasted net profits for 2025-2027 are 1.95 billion, 2.63 billion, and 3.29 billion yuan, with corresponding PE ratios of 28, 21, and 17 times [4]